SPY Charts and some Technical Analysis News to keep in mind Today - Today's Economic Calendar - The Charts - Opinion - Stock Picks. News to keep in mind Wednesday morning: Futures trade vs fair value were trading mixed late last night. The Dow up on Nike's earnings, tech weak on Tesla's battery day disappointment. Dow +74, S&P -6, Nasdaq -72, Russell +1. (12:30 am ET).We still look ok technically - But use "Caution" message has been on here for a while for a reason. (Quick sell-offs are a possibility at anytime - so we continue to leave this note).The biggest factors in the market right now are; the Fed, Coronavirus headlines, how the economy is re-opening or not, the Global Economy, China, and upcoming elections.Watch the VIX - (CBOE Volatility Index) - remains a bit elevated. Today's Economic Calendar: 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.9:00 AM, FHFA House Price Index for July. This was originally a GSE only repeat sales, however there is also an expanded index.10:00 AM, Testimony, Fed Chair Jerome Powell, Coronavirus Response, Before the Select Subcommittee on Coronavirus Crisis, U.S. House of Representatives THE CHARTS: (NOTE: Charts are a good guide, but when a tweet or news item can jerk the markets around, they mean a bit less.) BRIEFING: The markets bounced back a bit led by large caps and mega cap tech stocks. We had one change to our chart today, the Money Flow improved up to a Neutral with Monday's late dip buying and the rebound on Tuesday. We still do not like being under the 50-day moving average. We are currently in the middle of a large trading range between SPY 320 and SPY 340. * Don't risk to much, there is still a lack of CERTAINTY in the markets. * IF wanting to gamble: Options trades on these ETFs will give you a way to place your bets. $TQQQ - $SQQQ - $SPXL - $SPXS. * Beware - levered ETFs are subject to decay and are not for long-term holding. * CHANGES: The Money Flow improved to a Neutral. POSITIVES: We are over the 200-day moving average, which is rising.The Money Flow has improved. NEGATIVES: We are below the 20-day moving average.We are below the 50-day moving average.The MACD has been declining.What about the Fundamentals? Virus, Economy & Jobs, Elections, Politics, The FED, and China troubles?A lot to think and worry about!The Vix is still a bit high and may remain high for the foreseeable future. OPINION: Currently we are still above the 200-day MAs. (Bullish). But have dropped below the 50-day MA. (Bearish).Going under the 50-day moving average gives us a negative technical signal.We see a sideways - range bound market for the moment. SPY 320 as support and SPY 340 as resistance.However, do notice we have more negatives than positives listed above.We still say "Use Caution" for a reason. Do not over risk yourself or over leverage yourself.We are still susceptible to large drops or dips with a level of uncertainty.Look for trading opportunities that could result and have your trading lists ready. * Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is neutral/declining. The Stochastics are neutral. The Money Flow is neutral. MA +/- (slope): The 50-day MA (333.09)(+0.33) and the 200-day MA (307.22)(+0.12) The 9-month chart (below). We are well above the 200-day moving average (307.22) which is strong support. (Bullish). We are above the SPY 320 line, which is a strong support level. While SPY 340 appears to be strong resistance. STOCKS: (Our most recent FULL TRADING LIST is posted here). < Favorites & Trade Ideas > <-- Click here for the quotes, details, news and opinions on our current Favorites and Trade Ideas! Current trading favorites: AUPH - Aurinia Pharma (Their Lupus drug is on a path to approval), EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics, IOVA - Iovance, KPTI - Karyopharm, TGTX - TG Therapeutics (Our Top Pick!).If your thinking longer-term/income: T - AT&T is worth a look - high dividend yield.Tech Picks: CRWD - CrowdStrike (Although be aware it has a high valuation now), DT - Dynatrace. * Feel free to share your list/picks in the comments below. Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so)! Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers. .Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital.Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try. Give Try2BeFunded a try! .